Int’l Transactions in Securities (May) Foreign investment in Canadian securities totaled $10.6 billion in April, mainly acquisitions of government debt instruments. At the same time, Canadian investors reduced their holdings of foreign securities by $9.9 billion, the largest divestment since January 2016.

CREA Stats (June) The Canadian Real Estate Association said re-sales of Canadian homes dropped 6.2% in May from April as Toronto sales plunged 25.3%.

General Electric Company (NYSE: GE) (Q2) EPS estimates of 25 cents, compared to 51 cents in the prior-year quarter.

Canada

Economic lookahead

Consumer Price Index (June) CPI rose 1.3% on a year-over-year basis in May, following a 1.6% increase in April. On a seasonally adjusted monthly basis, CPI was down 0.2% in May, after increasing 0.4% in April.

Retail Sales (May) Retail sales rose 0.8% to $48.6 billion in April. Sales were up in nine of 11 sub-sectors, representing 71% of total retail trade